Vehicle owners who try and save money by replacing worn car parts rather than buying new autos may be intrigued to hear there is the potential to make profit out of the scrappage scheme.

According to Glass’s, the fact used motors are in high demand and hard to come by at the moment means participants in the cash for bangers initiative can sell their set of wheels for more than they paid for it.

Managing director Adrian Rushmore commented: "The potential profit is greatest for those cars where the nearly-new value is currently high in relation to the list prices – notably small, affordable cars with low running costs."

The company explained people who purchase a Ford Fiesta, Citroen C1 or Fiat 500 through the programme could make up to £1,100 if they sell to a private buyer.

However, drivers whose vehicles are not old enough to be scrapped under the government initiative may find they can keep their current autos running smoothly for many years to come by ensuring they replace worn car parts.

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